#USDCHF, Ideal time to buyThe USDCHF stopped exactly at the support line at 0.965 and the declines were stopped.
The USDCHF is on the rise.
The RSI has dropped to the 33-point area that it points to Oversold, and 2 times before the indicator has dropped to this area, the USDCHF has averaged 400 pips
Target: 0.9820
Usdchfprediction
USDCHF approaching resistance, look out for potential reversal!
USDCHF is approaching its resistance at 0.97510 where it is could reverse down to its support at 0.9581.
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USDCHF bounced from support, potential for a further rise!
USDCHF bounced off 0.96676 where it could potentially rise further to 0.97510.
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Scope for BUY trades in USDCHFLike the other USD crosses, we have witnessed an extended sell-off in USDCHF too.
As you can see from the chart, USDCHF is in a support area right now. Hence traders can look for BUYs with low risk and high reward.
Potential Long entries can be taken between 0.9650-0.9690 with SL below 0.9610. TPs can be set at 0.9750,0.9800 and 0.9880 respectively.
FURTHER SELLING POTENTIAL ON USDCHF At the moment USDCHF is sitting at critical support and is showing potential for price to retrace ( and gain bearish momentum) before making new lows. If price does indeed move bearish, we will be looking at the two levels i have marked as take profit levels. I would advise scaling out part of your position at the first take profit and allowing the rest to ride risk free.
USDCHF BUY SETUPSusdchf price breakout of a diagonal pattern.waiting for a pullback to buy ... again from my last analysis :)
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Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
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Disclaimer : The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Thank you for your support!
USDCHF BUY SETUP usdchf price make a 3rd touch of the lower side of a diagonal pattern. Price is about to strat an upside move.
_________________________________________________________________________________________________________________________________________
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
_________________________________________________________________________________________________________________________________________
Disclaimer : The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
_________________________________________________________________________________________________________________________________________
Thank you for your support!
USDCHF SHORT IDEAOverall this pair I believe still has further more downside potential. Now that we’ve rejected some key levels & broken trendline/structure, this makes my bias even stronger for sells on this pair.
After such a strong impulse move down. Let’s wait for price to retrace to the 50/61.8 fib level to get a retest of That broken trend-line before considering shorting this pair.
Or alternatively wait for price to break daily resistance level and grab a entry on the retest of that level for a bit safer entry.